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Electric Truck Maker Nikola Names Its Third CEO in Two Years, But Says it Has a Plan

Summary by Ground News
Nikola, an electric truck startup, said Aug. 10 its CEO Mark Russell will retire next year. Russell will be replaced by Michael Lohscheller, currently head of Nikola's commercial truck business. The C-suite shakeup marks the third time Nikola has named a new CEO in two years. Nikola is one of the early market entrants promising to build electric trucks powered by hydrogen fuel cells.

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Electric Truck Maker Nikola Names Its Third CEO in Two Years, But Says it Has a Plan

Nikola says the appointment of its third CEO in two years marks the completion of “a thoughtful succession planning process.”

·New York, United States
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Observer broke the news in New York, United States on Thursday, August 11, 2022.
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